The Business Times, 15 September 2016

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Microfilm: NL33961
Total Pages: 24
1 24 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes S$1.20 CO REGN NO *****2868E MCI (P) 052/08/2016 Thursday, September 15, 2016
    22 words
  • Article
    Lock icon DAILY DIGEST
    124 1 The Singapore Medical Council revises its ethics guidelines to address financial arrangements between doctors and intermediaries known as managed care companies or third party administrators. TOP STORIES 2 Otto Marine shareholders vote for a voluntary delisting offer by executive chairman and controlling shareholder Yaw Chee Siew. COMPANIES MARKETS
    124 words
  • Article, Illustration
    Lock icon Long-serving CEOs: how long is too long?
    936 1  -  It’s not an issue if the business does well, but entrenchment isn’t ideal, say observers By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore HOW long a chief executive officer (CEO) stays at the helm is not a big issue for listed companies, as long as
    Handshakes and compiled by BT  -  936 words
  • Article, Illustration
    Lock icon URA data: Developers must submit net prices for delicensed units sold
    1140 1  -  This will align price data for sales of units in delicensed projects with the net sale prices for licensed ones By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN a move seen as boosting the transparency of the property market, the
    PHOTO: ARTHUR LEE  -  1,140 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,809.35 -9.03 KL Comp 1,661.39 -15.79 Nikkei 225 16,614.24 -114.80 Hang Seng 23,190.64 -25.12 Shenzhen B 1,177.27 +3.11 Dow(11.45am EDT) 18,108.56 +41.81
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      Lock icon Page 1 Advertisements Column 1
      69 1 *****1 *****1 THE BUSINESS TIMES ©Photograph: Masa Ushioda,« Reaching out». Fifty Fathoms Edition 2009 MORE THAN 3 MILLION KM 2 PROTECTED BLANCPAIN HAS CONTRIBUTED TO DOUBLING THE PROTECTED OCEAN SURFACE AREA RAISE AWARENESS, TRANSMIT OUR PASSION, HELP PROTECT THE OCEAN www.blancpain-ocean-commitment.com Fifty Fathoms Bathyscaphe 1 oe BlancpatN MANUFACTURE DE HAUTE
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      Lock icon Page 1 Advertisements Column 2
      11 1 REAL-TIME MONEY TRANSFERS Blockchain heralds brave new world for finance OPINION/21
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      32 1 BANKING ON VIETNAM Vietnam-Singapore Industrial Park sees expansion top stories 4 FAST FORWARD Singapore set to be hub for impact investing top stories/ 5 More diversity needed on company boards, Page 2
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  • TOP STORIES
    • Article
      Lock icon New ethical guidelines for doctors paying intermediary fees
      530 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Singapore Medical Council (SMC) has revised its ethical guidelines to address financial arrangements between doctors and intermediaries known as managed care companies or third party administrators (TPAs). The new guidelines come into force on Jan
      530 words
    • Article
      Lock icon More diversity needed on company boards
      2015 2  -  If a company has a long-serving chairman, it probably ought not to have a long-serving CEO too, and vice versa By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SOME chairmen at Singapore-listed companies with market caps of at least S$1 billion have been on their companies’
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    • Article, Illustration
      Lock icon Vietnam-S’pore venture turns 20, maps growth
      453 4  -  MOU inked to potentially add 1,500 ha in 2 provinces to VSIP’s 6,660 ha By Renald Yeo yrenald@sph.com.sg Singapore A BLUEPRINT has been mapped out to expand the Vietnam-Singapore Industrial Park (VSIP) as it celebrated its 20th anniversary on Wednesday. Memoranda of understanding (MOUs)
      PHOTO: SEMBCORP DEVELOPMENT  -  453 words
    • Article
      Lock icon Hanjin collapse may hasten consolidation in shipping
      311 4 BLOOMBERG Hamburg THE collapse of Hanjin Shipping Co will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG chief executive officer Rolf Habben Jansen said. “A lot of people hadn’t expected
      BLOOMBERG  -  311 words
    • Article
      Lock icon Parkson unit that owns Beijing store sold
      480 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur AN indirectly owned unit of Parkson Holdings Bhd (PHB), which owns the loss-making Beijing Sun Palace Parkson department store in Chaoyang district in the capital city, has been sold to a Chinese asset-and-invest-ment management company for a
      480 words
    • Article, Illustration
      Lock icon Sohmen-Pao to head S’pore’s IMC committee
      368 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore ANDREAS Sohmen-Pao has been appointed chairman of the committee to chart the future of Singapore as an international maritime centre (IMC). Mr Sohmen-Pao, who is also chairman of BW Group, will head the IMC 2030 Advisory Committee
      368 words
    • Article
      Lock icon Singapore set to be hub for impact investing
      819 5  -  DBS managing director says the Republic has “all the building blocks in place” By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is poised to become the regional hub for impact investing as the form of investment that seeks social impact alongside financial returns
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    • Article
      Lock icon CFO = chief future officer?
      551 5  - CFO chief future officer? By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE traditional role of the chief financial officer (CFO) is slowly changing from someone crunching numbers behind the scenes to being in a more prominent position at the forefront, driving the company’s future plans. This was an observation by Koufu’s
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    • Article
      Lock icon Brexit not the end of EU, Juncker says
      360 5 REUTERS Strasbourg THE president of the European Commission, Jean-Claude Juncker, sought on Wednesday to rally support for the European Union, saying the bloc battered by the UK Brexit referendum was not about to break up despite its existential crisis. In setting out
      REUTERS  -  360 words
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      79 3 BVLGARI.COM m m •j* 'V art* a i 9« m L M x ef \v A KM H* r>' ■Tf -■S’ m D 'VO L A ✓V 3 -r < Va k •V* iw m *R4, r■eft mb 1 V--" '1 4A W ■a, -A *v 11 m 1 J>
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  • Page 4 Advertisements
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      124 4 China Aviation Oil (Singapore) Corporation Ltd cordially invites shareholders and investors to join the CAO management team for its CORPORATE ACCESS DAY 2016 Presentation Topics and Speakers: Flying High on Winds of Change Mr Joel Ng, Research Analyst, KGI Fraser Securities Pte Ltd An Introduction of Risk Management in CAO
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      Lock icon Page 4 Advertisements Column 2
      9 4 Once-busy docks in Busan idled by Hanjin, Page 18
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      215 5 THE GREAT SINGAPORE AIRLINES AWAY^_ GREAT PLACES GREAT PRICES GREAT PERKS Don’t miss your chance to enjoy exceptional fares on Singapore Airlines and SilkAir. Book from 1 30 September to enjoy amazing perks and a chance to win in our lucky draw. Every ticket you buy also comes with exclusive
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  • COMPANIES & MARKETS
    • Article
      Lock icon The Fed should raise rates next week
      693 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT’S quite ironical and even funny when you think about it lax monetary policy and unbridled deregulation by the Greenspan Fed in the late 1990s and early 2000s spawned a massive property bubble in US
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    • Article
      Lock icon Otto Marine shareholders back delisting move
      322 6 Singapore SHAREHOLDERS of Otto Marine have voted in support of a voluntary delisting offer by executive chairman and controlling shareholder Yaw Chee Siew. In a poll voting at an extraordinary general meeting on Wednesday, shares representing 98.11 per cent of the 153.82 million shares
      322 words
    • Article
      Lock icon Australia’s 30-year bond likely to draw good response
      359 6 REUTERS Sydney A PLANNED 30-year bond issue by the Australian government is expected to be well received, fund managers and dealers say, even as foreign investor appetite for the triple A-rated sovereign debt has recently waned. Robert Nicholl, chief executive officer of
      REUTERS  -  359 words
    • Article, Illustration
      Lock icon Three board appointments for Keppel Capital CEO
      324 6  -  By Tan Effie taneffie@sph.com.sg Singapore KEPPEL Capital Holdings Pte Ltd, a wholly owned subsidiary of Keppel Corporation, announced on Wednesday the appointment of its CEO, Christina Tan, as non-independent non-executive director on the boards of Keppel Reit Management Limited (KRML), Keppel Infrastructure Fund
      FILE PHOTO  -  324 words
    • Article
      Lock icon Quality China stocks can still be found: UBS
      464 6  -  By Renald Yeo yrenald@sph.com.sg Singapore DESPITE the lofty prices Chinese stocks trade at relative to their earnings, quality stocks can still be found, a portfolio manager at UBS Asset Management said on Wednesday. As companies seek to take advantage of China’s economic
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    • CORPORATE DIGEST
      • Article
        Lock icon Roxy-Pacific Holdings
        116 6 ROXY-PACIFIC Holdings has agreed to acquire a freehold residential site at Jalan Eunos for S$10.978 million, the developer announced on Wednesday after the market closed. The site, which comprises lots at 180,182 and 184 Jalan Eunos, has an estimated total land area of 7,685 square feet and an
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      • Article
        Lock icon AusGroup
        182 6 SINGAPORE-LISTED marine services provider AusGroup on Wednesday requested Singapore Exchange to grant it permission to delay the holding of its annual general meeting (AGM) until the end of 2016. The company said it has sought permission to hold on or before Dec 31, 2016, the AGM for the financial
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      • Article
        Lock icon Citigroup Inc
        118 6 CITI launched its fourth annual “E for Education” charity campaign on Tuesday, a global initiative which has raised over US$12 million for educationfocused charities. The 10-week charity campaign stretches across Citi’s offices in the US, Europe, Middle East, Africa, Asia and Latin America. All proceeds will go to
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    • Article
      Lock icon SGX confirms Swiber probe
      475 7  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Singapore Exchange has confirmed investigations into developments at Swiber Holdings, saying that the probe is ongoing. It said this on Wednesday in response to BT’s query on the outcome of its probe into possible disclosure breaches, as contained
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    • Article
      Lock icon Japan seeking to raise 500b yen in world’s largest rail IPO since 1993
      330 7 BLOOMBERG Tokyo JAPAN’S government plans to privatise Kyushu Railway Co through a share sale that may fetch about 500 billion yen (S$6.6 billion), according to people with direct knowledge of the matter, in what would be the
      BLOOMBERG  -  330 words
    • Article
      Lock icon S’pore investors overly optimistic about income returns: survey
      502 7  -  The average investor expects a 9.2% minimum return, in contrast to average stock market yield of only 3.8% By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE investors, like their Asian counterparts, are an overly optimistic lot. A survey comissioned by asset management firm
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Sept 14,2016 2,809.35 -9.03 (-0.32%) Current streak 3 days Day high 2,822.39 Day low 2,800.07 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Sept 14,2016 437.70 +5.51 (1.27%) Current streak 1 day Day high 437.70 Day low
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low China Mining 50 35.5 244.8 72/14.5 Jardine C&C 4085 32.0 0.8 4520/2636 DBXT MSTHAI US$ 1940 15.0 0.6 2107/1419 DBXT USDCS US$ ***** 15.0 0.1 *****/***** DBXT Vietnam US$ 2411 10.9 0.3 2533/2017 BY PERCENTAGE CLOSE UP 52w high/low China Mining 50 244.8
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -1360.0 -7.7 *****/9646 DBXT Nifty50 ETF10 ***** -414.0 -2.2 *****/***** SPDR S&P500 US$ ***** -369.0 -1.2 *****/***** DBXT iBoxxUSTr US$ ***** -237.8 -0.8 *****/***** JMH USD 6043 -146.2 -1.7 6371/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Wilmar MBeCw*****3 2.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE A-Sonic Aero 83.3 0.160 -0.019 -10.62 Ocean Sky Intl 1,052.1 0.063 +0.004 +6.78 Mercurius 4,450.4 0.008 +0.002 +33.33 Hiap Hoe 18,932.2 0.710 +0.020 +2.90 M Development 2,500.1 0.002 +0.001 +100.00 ITE Electric 9,965.5 0.085 +0.003 +3.66 USP Group 3.8 0.097 -0.014 -12.61 Sunlight 320.0 0.015
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    • Article, Illustration
      Lock icon STI weakens in line with Dow futures
      627 8  -  Local trading cautious and volatile following big swings on Wall Street over the past few sessions TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WEDNESDAY’S trading session was cautious and volatile as traders looked to the Dow futures for direction following large swings on Wall
      Source: Bloomberg  -  627 words
    • Article
      Lock icon STI STOCKS
      302 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 -5 244/237 257 209 6.4 6614.6 CapitaCom Trust 156.5 -1.5 158/156 164 127 5.5 4636.4 CapitaLand 310 -2 312/308 340 267 12.4 2.9 *****.2 CapitaMall Trust 207 -3 209/206 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Noble 179,163,600 Ezra 102,173,500 Annica 60,000,000 Addvalue Tech 43,711,400 ISR Capital 35,217,100 Market volume 1,952,196,000 VALUE Singtel 127,682,138 UOB 78,970,149 GuocoLand Ltd 53,400,604 DBS Grp 49,275,395 Ascendas Reit 43,595,446 Market value 1,110,070,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 14 VALUE CLOSE BT OB/OS -55.00 -10.00 BT CADI -*****.00 -11.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 680.19 -1.25 FTSE ST Small Cap 381.06 -0.62 FTSE ST All Share 692.14 -2.61 FTSE ST China Top 157.42 -0.06 FTSE ST China 190.31 -0.37 FTSE
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 287 787 287/285 314/254 286/287 DBXT MSPHILS US$ US202.7 -0.3 200 202.7/201.6 222.5/158.5 202.8/203.6 16.2 DBXT MSINDO us$ US1371 -27 186 1380/1351 1534/911 1369/1370 DBXT MSBANGL US$ US100.7 -1.3 100 100.7/100.6 105.7/93.7 100.5/101.1 4.1
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 4 5 0 1 0 4 5 5 Manufacturing 27 29 32 11 6 12 38 35 44 Commerce 17 16 9 3 1 5 20 17 14 Tpt/Stor/Comms 10 16 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,744 264 19,008 50,855 43 50,898 Manufacturing 84,049 83,107 167,156 93,093 1,100 94,194 Commerce 217,038 25,794 242,832 90,604 1,131 91,735 Tpt/Stor/Comms 194,122 335 194,457 204,447 33 204,480 Finance 52,706 20 52,726 190,513 3 190,516 Construction
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 14, 2016 692.14 -2.61 (-0.38%) Current streak 3 days Day high 694.69 Day low 690.91 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE MSCI EAFE index Sept 13, 2016 1,677.36 -11.88 (-0.70%) Current streak 4 days Day high 1,695.95 Day low 1,671.76 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • BROKERS’ TAKE
      • Article
        Lock icon Health Management International | Buy
        181 8 Health Management International Buy Target price: S$0.60 Sept 14 close: S$0.53 KGI Fraser Securities, Sept 14 We initiate coverage on Health Management International with a “buy” recommendation and a target price of S$0.60, based on a discounted cash flow valuation (weighted average cost of capital 8.0 per cent, terminal growth
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      • Article
        Lock icon LHN | Overweight
        303 8  - LHN Overweight Compiled by Kenneth Lim Target price: S$0.285 Sept 14 close: S$0.23 nra capital, Sept 14 Over the last month, LHN announced its Q3 FY16 results ended June 2016 and completed the acquisition of the carpark at No 6001 Beach Road, Golden Mile Tower. Gross margin has remained at
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    • Article
      Lock icon CALENDAR
      17 8 DATA I Sept 15 S’pore Retail Sales Index S’pore Labour Market Report US initial jobless claims
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    • Article
      Lock icon Yen recovers against dollar and euro
      380 9 CURRENCIES REUTERS London THE yen recovered from one-week lows against the US dollar and euro on Wednesday, as investors doubted that reports the Bank of Japan was considering further monetary easing measures would turn into a source of significant weakness for the yen. Sources
      REUTERS  -  380 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Sep 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 4.986 0.666 5.798 50.016 98.774 0.771 8.414 3.085 1.028 77.949 35.541 1.021 10.750 0.730 23.695 26.112 0.567 0.747 Canada 1.017 5.068
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Sep 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0209 1.0219 0.7471 0.7476 Canadian dollar 1.0380 1.0386 0.7598 0.7596 Euro 1.5333 1.5342 1.1221 1.1224 NZ dollar 0.9934 0.9944 0.7270 0.7275 Sterling pound 1.8023 1.8036 1.3189 1.3195
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Sep 14 S$ Bid Offer 1-month 1.3663 1.3670 2-months 1.3660 1.3665 3-months 1.3665 1.3670 6-months 1.3664 1.3672 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 9 Sep 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9607.50 9637.50 9515.00 9527.50 *****6 *****8 Oct16 9640.00 9640.00 9527.50 9535.00 7948 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar17 *****.00 *****.00 *****.00 *****.00 140 582 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Sep 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 11.5 0.3 ***** 0.0 0 DBS MB eCW*****1 10.5 -0.1 4067 0.1 1550 5 DBS VT eCW*****3 12.3 -0.1 3592 0.1 1508 5
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 13 Index Change Change Change Change Change Change World Preliminary 1284.2 -1.1 0.5 -0.8 -1.9 -1.2 1.9 EAFE Preliminary 959.1 -0.5 -5.4 -0.3 -6.0 -0.7 -2.3 Europe Preliminary 1374.1 -0.7 -2.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 14 $S Offer Bid 0vernight 0.01 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.08 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Sep 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.12 106.15 106.12 5-Year NX*****X 2.250 01-Jun-21 104.21 104.40 104.05 10-Year NX*****F 2.125 01-Jun-26 102.32 102.40 102.25 15-Year NZ*****F 2.875 01-Sep-30 108.63 108.85 108.40 20-Year NZ*****X 2.250 01-Aug-36 100.33
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        247 9 Sep-13 Price Net change change Last Trade Agricultural Sep-13 CBOT Soybeans (US cents/bu) 968.25 -16.25 -1.65% 14/09/2016 CBOT Soybean Oil (US cents/lb) 31.55 -0.76 -2.35% 14/09/2016 CBOT Wheat (US cents/bu) 374.75 -8.50 -2.22% 14/09/2016 Sep-13 LIFFE Cocoa (£/tonne) 2215.00 8.00 0.36% 15/09/2016 LIFFE Coffee (US$/tonne) 1936.00 17.00 0.89%
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    • Article
      Lock icon Mondelez International to expand R&D centre in Jurong
      465 10  -  F&B group is investing S$10 million towards overhauling the centre; ground-breaking to take place in November By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOOD and beverage group Mondelez International Inc is expanding its research and development (R&D) centre in Jurong, in line with
      465 words
    • Article
      Lock icon CMET, Rongsheng latest China oil traders to open offices in Singapore
      632 10 REUTERS Singapore DANCING lions that jumped to deafening drum beats marked the opening of one of two new Chinese trading companies in Asia’s oil hub of Singapore last week, a sign of the increasing reach of China’s energy sector.
      REUTERS  -  632 words
    • Article
      Lock icon Asian equity, currency markets becoming more China-driven: surveys
      631 10 BLOOMBERG London CHINA’S increasing trade and financial heft has ramped up correlations in equity and currency markets in Asia in recent years, challenging diversification strategies for investors as new and increasingly complex feedback loops emerge. Two recent studies reveal just how Chinese-driven
      BLOOMBERG  -  631 words
    • Article
      Lock icon SGX MAINBOARD
      1721 11 Transaction date: Sep 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 142 -0.5 88 142.5 141 0.9 8 905 Div 144 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      294 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 43cd unch 138 43 43 17.1 74.5 LOW Company Sale 19.9 8.3 t Anchor Resources 10.2 +0.2 2084 10.2
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    • Article
      Lock icon SGX ETF
      147 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 86.4 69.1 CIMB APAC Div US$ US80 -1.5 10 80 80 8.4 1210 1050 CIMBASEAN40 S$D 1168 -27 0 1168 1168 vol ('000) Day 1387 995 DBXT MSCHINA US$
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      252 6 Joey Choy ShareInvestor Academy Trainer Joey is one of the Award-Winning Top Tier Remisiers (Stock Brokers) and Traders in Singapore. He was awarded Top CFD specialist in 2013, Top Account Growth Achiever and Top CFD Remisier in 2014 followed by Top Trading Representative in 2015 by Phillip Securities. His Signature
      252 words
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      Lock icon Page 6 Advertisements Column 2
      32 6 0* ft f ■> -3?' .V’ i m -V f »w Celebrate Good Times, Come On! SALE X-Value™ of your home A $961,000 ($866 psf) Up by $8,000 (0.84%) over last quarter SRX.com.sg/property-tracker
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      Lock icon Page 7 Advertisements Column 1
      184 7 Strength. Unity. Global. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is Japan's premier bank offering an extensive scope of commercial and investment banking services to businesses, governments and individuals worldwide. BTMU is a member of the Mitsubishi UFJ Financial Group Inc. (MUFG), one of the most comprehensive financial groups in
      184 words
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  • Page 10 Advertisements
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      140 10 100G PASIR PANJANG ROAD Just TOP High Quality Business Space at CBD Fringe FOR LEASE TOP Promo: $2 psf/month onwards (based on needs and area) Interlocal centre is a brand new B1 buidling at Pasir Panjang. Units starting from 1,600 sq ft upwards High specifications Over 350 carpark lots Ramped
      140 words
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article
      Lock icon SP Setia cuts sales target to 4-year low of RM3.5b
      561 12  -  It’s not only hurt by tepid home demand but also by Brexit, given its Battersea Power Station development By Pauline Ng btworld@sph.com.sg Kuala Lumpur WITH no signs of a property revival in sight, Malaysian developer SP Setia has revised its
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      Lock icon Silicon Valley titan Airbnb breaks ranks in admitting its power
      699 12 NYTIMES New York IN recent years, the idea of privilege for whites, for men, for straights, and for others has moved to the fore of American discourse. Yet, one of the fastest-growing forms of power in our moment has gone
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      Lock icon Norway wealth fund snaps up UK property
      232 12 BLOOMBERG Oslo NORWAY’S US$875 billion sovereign wealth fund, the world’s biggest, pounced on London’s Oxford Street after UK voters decided to leave the European Union. Just about two weeks after Britons unexpectedly voted to leave the EU at the end of June, the
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      Lock icon Rents of private and HDB flats fall 0.6% in August: SRX
      595 13  -  increase in rental volumes in both segments reflects shorter leases amid uncertain economic conditions By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore RENTS of private non-landed homes and Housing Development Board (HDB) flats in Singapore slipped 0.6 per cent in August
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      Lock icon Househunt
      1500 13 Property transactions for districts 2 to 21 with contract dates between August 3 and August 9,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Spottiswoode 18 Apt 05/08/2016 FH 388 785 2023 District 3 NON-LANDED Alex Residences Apt
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      Lock icon Greenwich deemed worst housing market in America
      333 13 BLOOMBERG New York BARRY Sternlicht, chairman and chief executive officer of Greenwich, Con-necticut-based Starwood Capital Group, says the town may be the worst housing market in the US, and that he now officially lives in Florida. “You can’t give away a house in
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      521 12 JLL Raintree Gardens Collective Sale By Tender Located along Potong Pasir Ave 1 Land area 201,405 sf; GPR 2.8 700m from Potong Pasir MRT Station 4 MRT stops to Dhoby Ghaut MRT Station 200+ m direct frontage onto Kallang River Ideal for 600 748 waterfront condo units Minutes from Bidadari,
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      270 12 §JLL Sprawling Good Class Bungalow in Leedon Park One of the Highest Points in the Area Land area 46,800 sf; Built-Up -9,000 sf Charming 20+ year old house with pool Regular shaped plot with 80 m frontage One of the few remaining large plots Possible to be subdivided into 3
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  • BANKING & FINANCE
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      Lock icon Wells Fargo seeks to shore up reputation in wake of scandal
      720 14 It scraps product sales goals for retail bankers and may take further disciplinary action against its employees REUTERS Washington WELLS Fargo Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against
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      Lock icon Libor reaching point of pain for firms with high debt
      820 14 BLOOMBERG New York SHORT-term borrowing rates are rising to the point where some heavily indebted US companies can no longer ignore them. A benchmark for near-term borrowing, the three-month US dollar London interbank offered rate, has risen above 0.75 per
      BLOOMBERG  -  820 words
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      Lock icon European banks carefully time CoCos revival
      484 14 REUTERS London EUROPEAN banks are playing a nerve-jangling waiting game in an effort to reap maximum rewards from issuing billions of dollars of so-called CoCo bonds in a frenzied market revival that could evaporate in a heartbeat. The yields that banks need to pay
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      1174 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERDEALS AUTOMATION PTE LTD Company Registration No.: *****1806R (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 8 Burn Road #01-10 Trivex Singapore
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      77 14 HIMALAYAN ADVENTURE Singapore residents cycle 550km through mountain ranges as high as 5,600m A book to remember Dr Vijiaratnam GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438) We arrived at the new decade, and in the mad rush to embrace it, something was left behind: the
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  • ENERGY & COMMODITIES
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      Lock icon Big miners uncertain over China demand, pricing outlook
      715 15 Producers should boost productivity, continue to review portfolios to focus on key commodities and regions: analyst BLOOMBERG Melbourne RIO Tinto Group, the world’s second-biggest miner, is no longer certain of picking the path ahead for growth in China, its biggest customer. It
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      Lock icon Global oil glut set to last at least until mid-2017
      650 15 AFP Paris A GLOBAL oil glut that has hurt producers but means cheaper pump prices looks set to go on at least six months longer than previously thought, the IEA said on Tuesday, sending world oil prices slumping. The International
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      246 15 Cathay Pacific Airways Limited I? 14 i i! a -i m !«S! h”r>-iS, t wm Hi > r» ft m m rw P —'i San Francisco sv ass? 4rtS «*ie_ pfA $4,338* Rediscover flying in style and comfort. Experience our award-winning Business Class with a companion at special fares. Book
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  • TECHNOLOGY
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      Lock icon US tech firms cry protectionism over EU plan
      837 16 New rules will, among other things, give publishers right to charge for online content on news aggregation sites NYTIMES New York GOOGLE may have to pay publishers for their content. Facebook may, too. WhatsApp could have to follow tougher telecom standards. A
      NYTIMES; PHOTO: REUTERS  -  837 words
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      Lock icon India wants Apple and Google phones to use government encryption
      634 16 BLOOMBERG Bangalore INDIA’S relationship with the global tech industry has become increasingly fraught with challenges. This year alone, the government has banned Facebook’s free web service and declined to exempt Apple from local sourcing rules. Now India could force companies
      BLOOMBERG; PHOTO: BLOOMBERG  -  634 words
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      21 16 Enqaqinq you every moment bad sg iff Get your essential news and infotainment now on www.zaobao.sg iR'S'©m SHIN MIN Lianhe Wanbao
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      199 16 FORAGE INTO THE WORLD OF DIGITAL Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs, Marketing and Sales Professionals E X C L U S I V E GAINING AN INSIGHT INTO DIGITAL NEWSROOM FOR THAT BETTER STORY PITCH Days whereby editors hold veto power over decisions on
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  • CONSUMER
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      Lock icon US songwriters challenge ruling on licensing
      899 17 Music industry has long been unsatisfied by the rates paid by online companies NYTIMES New York WHEN Michelle Lewis, a Los Angeles songwriter, gets her quarterly royalty statements from ASCAP, she receives a stark reminder of how songs are valued in the digital age.
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      Lock icon ‘Pop-up’ newspaper finds instant success among UK Europhiles
      878 17 NYTIMES New York THE morning after Britain voted to leave the European Union, Matt Kelly ducked into a coffee shop on a graffiti-lined street in the trendy East London neighbourhood of Shoreditch. The clientele lining up for their lattes, normally silent and
      NYTIMES  -  878 words
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      1717 17 zaobacf 0* @T wbhwsws BtJffiSflSKlemail? Ah BoyTSS^SKm®^ Mooncake email of olden days? Ah Boy unravels the origins of Mid Autumn Festival EmiB 0 A bit.ly/zb_ahboyMOON *Chinese Language Content NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices 02lnfinio INFINIO GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No:
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  • TRANSPORT
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      Lock icon Once-busy docks in Busan idled by Hanjin
      892 18 Since the world’s 7th-largest container line filed for protection from creditors, the port has been paralysed as unshipped boxes pile up BLOOMBERG Seoul THE Hanjin Shipping Co terminal in South Korea’s largest port used to be one of the world’s busiest. Dozens of
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      Lock icon Singapore Airlines will not extend lease on first A380 jet
      317 18 REUTERS Singapore SINGAPORE Airlines Ltd (SIA) will not extend the lease on its first Airbus A380jet when it expires next year, a further blow for Airbus Group as the manufacturer seeks to bolster new sales of the world’s largest passenger
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      Lock icon Spat intensifies over which US airlines fly govt workers
      368 18 REUTERS Washington A SPAT among airlines over which deserved the contract to fly US government workers on certain routes intensified on Tuesday, with the chief executive of JetBlue Airways Corp calling rivals hypocritical for protesting its award. The largest US airlines
      REUTERS  -  368 words
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      664 18 A special feature brought to you by STJOBS LEARNING UNDERSTANDINGTHE BASICSOFCONTENT CURATION BY WANG HONGJUN The smartest person in the room used to be the person who can memorise and recall facts with great accuracy. Today, with the help of a smartphone, a reliable data connection and decent ‘googling’ skills,
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  • GOVERNMENT & ECONOMY
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      Lock icon Fed’s deluge of dots and discord confuses markets
      1193 19 Moreover, data dependence has seen the US central bank’s outlook change dramatically in just a few months BLOOMBERG Washington THE US Federal Reserve’s decision next week on whether to raise interest rates is a vital issue for markets and investors around the
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      Lock icon BOJ’s Sept 21 meeting sets market abuzz with speculation
      767 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo BANK of Japan (BOJ) Policy Board meetings always generate advance speculation about the course of monetary policy, and next week’s scheduled meeting is no different: speculation has risen to feverish pitch because the yen has become
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      Lock icon Nationwide campaign by protest group to demand Najib’s ouster
      432 19 AFP Kuala Lumpur MALAYSIA’S leading political protest group announced plans on Wednesday for a seven-week roadshow capped by a Nov 19 rally in the capital to demand Prime Minister Najib Razak’s resignation. The Coalition for Clean and Fair Elections which held
      AFP  -  432 words
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      863 19 NOTICES CHINA MINZHONG FOOD CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2715N) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 15 September 2016 issued by China Minzhong Food Corporation Limited “Circular").
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  • OPINION
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      Lock icon The danger of global investors giving East Asia the cold shoulder
      557 20 EDITORIAL AN increasingly bizarre ritual of denial and self delusion is being played out in East Asia as countries of the region Japan, China, South Korea and Russia engage in war games against each other while behaving as though
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      Lock icon Diagnosing Hillary: she needs more than a rest
      1569 20  -  After recuperating from pneumonia, Mrs Clinton needs to take care of her political health By Leon Hadar THERE was a time when most Americans didn’t know, and in most cases, couldn’t care, about the medical problems of their presidents or for that
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      Lock icon Brexit is not a problem for the UK but the EU
      801 20  -  THE BOTTOM LINE By David Mason T The writer, a retired partner of a Big Four accounting firm, is a business communications consultant in the UK THE current mantra in British politics is “Brexit means Brexit”. The only problem
      801 words
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      Lock icon Upbeat about alternative investment funds in Singapore
      946 21  -  COMMENTARY By Lee Kher Sheng T The writer is managing director, co-head of APAC and deputy global head of government affairs of the Alternative investment Management Association (aima). aima is the global representative of the alternative investment industry, with over 1.700 corporate members
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      Lock icon Tough post-Brexit road ahead for Merkel, May, Draghi
      660 21  -  COMMENTARY By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum RULE No. 1 about European Union (EU) engagement after the June 23 British “Leave” vote states that almost nothing any protagonist said before the
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      Lock icon Blockchain heralds brave new world for finance – as well as beyond the sector
      1133 21  - Blockchain heralds brave new world for finance as well as beyond the sector Applications for tamper-proof public database practically endless, given the modern economy’s demand for trustworthy records. BY HOWARD YU BY HOWARD YU T The writer is professor of strategy and innovation at IMD in Switzerland. In 2015, he
      PHOTO: AFP  -  1,133 words
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      948 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • LIFE & CULTURE
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      Lock icon Great British Bake Off to leave BBC; two hosts quit
      831 23 Hit reality TV show is moving to rival network Channel 4 in 2017 NYTIMES London THE Great British Bake Off, a hit reality TV show that has been hailed as a cheery avatar of multicultural, bis-cuit-loving modern Britain, has been
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      Lock icon Scuffles as Spanish town drops bull-spearing from festival
      675 23 AFP Tordesillas, Spain LOCALS scuffled with animal rights activists on Tuesday at a centuries-old Spanish festival held for the first time since the event was banned from spearing its half-tonne bull to death. “***** politicians, respect traditions”, read a giant placard set
      AFP; PHOTO: REUTERS  -  675 words
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      Lock icon US millennials are picking pets over people
      544 23 WP Washington YOUNG Americans are less likely to be homeowners, car owners or parents than their predecessors, but they do lead in one category: pets. Three-fourths of Americans in their 30s have dogs, while 51 per cent have cats, according to a survey
      WP; PHOTO: AFP  -  544 words
  • Page 23 Miscellaneous
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      325 23 CRYPTIC CROSSWORD Across 1 Broadcaster has quarrel regarding west-facing building (10) 6 Senior’s outraged? Not half! (4) 9 About to apply reason (5) 10 Exchanges knitted garment with us (9) 12 Earning from gambling, good for bishop (7) 13 Son starts to look extremely exhausted prompting this? (5) 15 Free
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      178 24 MITSUBISHI ELECTRIC Changes for the Better A MITSUBISHI ELECTRIC INVERTER L 'Easy To Clean! teachable Inner Vent for Easy Clean EXCELLENT Energy Savings RETEST ENERGY EFFICIENCY RATING Excellent MITSUBISHI ELECTRIC Split type (inverter) Air-conditioner MXY-2G20VA Cooling Capacity: 4.83kW Tested in accordance with ISO *****. Based on 27C/kWh electricity cost, 8
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